Financial Accounts of the United States - Z.1
F.208 Debt Securities (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1921.5 | 6307.7 | 3280.7 | 3102.8 | 4789.1 | 2824.2 | 2593.8 | 2204.0 | 2156.7 | 1 |
| All sectors; open market paper; liability | FA893169175 | 49.3 | -58.4 | 27.3 | 151.9 | 46.8 | 180.4 | 233.2 | 147.4 | -291.4 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1176.6 | 4582.2 | 1683.8 | 1546.9 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 104.2 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 316.9 | 657.2 | 612.5 | 979.4 | 1039.3 | 949.8 | 1049.4 | 879.1 | 1571.1 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 10.3 | 85.8 | 77.4 | -53.9 | -47.9 | 51.2 | -31.6 | -187.2 | 45.2 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 368.4 | 1040.9 | 879.7 | 478.4 | 1163.1 | 201.1 | 240.3 | 309.3 | 727.6 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1921.5 | 6307.7 | 3280.7 | 3102.8 | 4789.1 | 2824.2 | 2593.8 | 2204.0 | 2156.7 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1446.4 | 5315.6 | 1964.0 | 1545.4 | 2684.1 | 1440.2 | 1245.4 | 811.8 | 648.3 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -3.1 | -9.9 | -1.6 | -0.7 | 8.3 | -9.5 | -2.8 | 1.1 | -0.1 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 276.9 | 654.0 | 214.0 | 53.2 | 167.8 | -44.0 | 165.1 | -76.0 | 505.8 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1174.9 | 4581.2 | 1683.4 | 1546.9 | 2586.3 | 1443.1 | 1101.2 | 1057.0 | 104.0 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -2.3 | 90.3 | 68.1 | -54.0 | -78.2 | 50.6 | -18.2 | -170.2 | 38.5 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 498.6 | 953.3 | 805.0 | 1375.1 | 1683.2 | 1189.5 | 997.6 | 1630.1 | 1635.1 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 39.8 | 109.0 | -94.9 | 153.4 | 134.7 | 169.1 | 24.1 | 285.9 | -63.6 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 21.0 | -5.8 | -4.9 | 60.0 | 97.7 | 77.5 | 5.9 | 59.0 | 39.0 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 204.9 | 635.9 | 539.4 | 793.3 | 888.3 | 747.5 | 841.6 | 695.7 | 1431.6 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 113.8 | 22.3 | 73.5 | 186.1 | 152.6 | 201.0 | 209.3 | 181.7 | 139.7 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 63.8 | 57.3 | 163.8 | 80.9 | 174.4 | 110.6 | 72.1 | -33.6 | 84.4 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -43.8 | -20.2 | -46.1 | 53.6 | -2.2 | 32.1 | 126.8 | 57.5 | -68.7 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 69.3 | 42.6 | 56.8 | 33.8 | 33.6 | 40.4 | -8.2 | 69.5 | 53.2 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -10.1 | 10.0 | 33.8 | 18.4 | 172.5 | -46.4 | -102.6 | 50.0 | -27.2 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 45.7 | 129.9 | 65.0 | -3.2 | -55.4 | -57.9 | -176.1 | 276.6 | 24.8 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -5.7 | -27.5 | 18.5 | -1.2 | 87.2 | -84.4 | 4.7 | -12.2 | 21.9 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | -23.5 | 38.8 | 511.8 | 182.3 | 421.8 | 194.5 | 350.9 | -238.0 | -126.6 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 1921.5 | 6307.7 | 3280.7 | 3102.8 | 4789.1 | 2824.2 | 2593.8 | 2204.0 | 2156.7 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 253.5 | -388.2 | -466.4 | 2024.5 | 682.7 | 2471.0 | 1962.4 | 2982.0 | 2961.1 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 151.7 | -642.2 | -831.6 | 1695.5 | 496.6 | 1596.4 | 1837.7 | 2851.5 | 2723.9 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 69.3 | 35.9 | 30.1 | -19.8 | -87.9 | 119.4 | -138.4 | 27.6 | 25.9 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | -3.2 | -1.6 | 2.7 | 12.5 | 3.9 | 21.2 | 21.9 | 3.0 | -7.3 | 29 |
| Federal government; debt securities; asset | FA314022005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 30 |
| State and local governments; debt securities; asset | FA214022005 | 35.7 | 219.8 | 332.4 | 336.3 | 270.1 | 734.1 | 241.2 | 99.9 | 218.6 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 1123.0 | 6451.1 | 3046.4 | 197.5 | 2845.6 | -261.5 | -306.9 | -1487.0 | -1431.9 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -137.5 | 3217.0 | 1537.1 | -175.9 | 782.3 | -150.0 | -523.0 | -812.7 | -1100.7 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 224.2 | 1010.2 | 1240.1 | -109.6 | 892.8 | -195.0 | -649.2 | -487.1 | -926.8 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -30.1 | -12.6 | -12.5 | 61.2 | 59.1 | 122.2 | 97.9 | -34.5 | -111.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 13.2 | 6.1 | 7.9 | 10.5 | 13.1 | 22.1 | 22.9 | -16.3 | -8.4 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 11.1 | 88.8 | 101.5 | 31.1 | 120.4 | 49.5 | -4.3 | -41.1 | -56.0 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 29.7 | 53.3 | 71.0 | 80.1 | 32.2 | 82.3 | 105.4 | 100.4 | 78.4 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 121.9 | 184.9 | 171.2 | 177.7 | 216.0 | 136.6 | 229.6 | 128.6 | 229.6 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 47.5 | 82.0 | 46.2 | 92.1 | 58.0 | 62.3 | 118.8 | 129.4 | 128.4 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 113.5 | 147.8 | 159.1 | 241.9 | 308.4 | 280.3 | 77.7 | 301.0 | -1072.1 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -152.2 | 96.7 | 158.5 | -15.9 | 98.5 | -95.7 | -43.2 | -23.4 | 134.1 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 412.4 | 1088.7 | -956.4 | -546.8 | -248.6 | -565.0 | -670.2 | -703.4 | 704.1 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 352.5 | 323.4 | 595.2 | -195.9 | 334.4 | -636.2 | -27.8 | -453.9 | 195.2 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 3.2 | 0.8 | 9.2 | -0.6 | 0.3 | 0.6 | -2.1 | -1.3 | 1.1 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 142.6 | 195.1 | 202.6 | 206.4 | 112.3 | 214.2 | 210.2 | 288.9 | 214.6 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 52.8 | 46.7 | -71.2 | 13.9 | 93.5 | -59.5 | 37.0 | -15.4 | 25.1 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 12.6 | -2.7 | 1.5 | 4.6 | 10.5 | 4.8 | 2.5 | 0.4 | -0.2 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -0.5 | 9.7 | 29.3 | 6.9 | 0.8 | 0.8 | 19.7 | 6.5 | -1.9 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 46.9 | -154.5 | -30.2 | -0.7 | 12.0 | -40.7 | 57.4 | -31.7 | 71.9 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -52.2 | -74.0 | -174.4 | 135.8 | -126.9 | 152.8 | 385.9 | 131.3 | 431.9 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 29.1 | -8.7 | 29.4 | 58.2 | 46.6 | 97.6 | 73.6 | 14.9 | -71.5 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -117.8 | 152.5 | -68.7 | 122.8 | 30.0 | 254.6 | 174.3 | 32.2 | -297.3 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 545.0 | 244.8 | 700.8 | 880.7 | 1260.8 | 614.6 | 938.4 | 709.0 | 627.6 | 54 |
NOTES
- Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: June 8, 2023